American Family Insurance in hot water with possible $1 billion in legal liability

Insurance company vs insurance agent

The insurer may be faced with the massive penalty if a federal judge accepts a jury ruling. American Family Insurance could have to pay legal liability as high as $1 billion depending on a federal judge’s decision. Last week, a jury decided that thousands of the insurer’s independent agents are entitled to full employee retirement package benefits. If the judge adopts that ruling, the company, also known as AmFam would be required to comply. The jury’s ruling was made after a two week trial held at an Ohio U.S. District…

Read More

Microsoft program may have a major impact on homeowners insurance

Microsoft homeowners Insurance

Microsoft partners with American Family Insurance to launch new startup accelerator Microsoft has teamed with American Family Insurance to launch a new business accelerator aimed to supporting home automation startups. These startups focus on creating new technological advancements that can lead to safer and smarter homes. Such technology could have a major impact on homeowners insurance, especially in terms of cost. The Microsoft Ventures Accelerator, as it is called, may lead to some profound advances within the insurance industry and the housing market. Microsoft Ventures Accelerator aims to support startups…

Read More

Insurance news brings Permanent General into the American Family fold

property insurance news

The large insurer has now completed the acquisition that it had previously announced. American Family has made insurance news by completing the acquisition of Permanent General Companies, as well as other PGC Holdings Corp. subsidiaries. The purchase of the Tennessee based company had been previously announced and have now been completed. The transaction was for a reported $239 million, which was paid to Capital Z Partners, the previous majority owner. It had been awaiting its final step in order to close the insurance news deal, which was the approval from…

Read More

Homeowners insurance cut off for Sheriff’s Deputy with police dog

Homeowners Insurance - Police Dog

American Family Insurance giving notice to cancel Andy Woodward’s coverage. In Nebraska, Douglas County Sheriff’s Deputy Andy Woodward was recently contacted by his homeowners insurance company, American Family, which informed him that they were terminating his policy because of the fact that he brings his police dog home with him to care for it. Part of Woodward’s job includes the requirement that he must live with his police dog. The County supported Woodward and originally argued with American Family, saying that all of its police dogs were separately covered by…

Read More

American Family Insurance unveils new mobile marketing strategy

Mobile ad network, Mojiva, which has a specialty in cross-platform, “big idea” mobile commerce marketing strategy development and creation, has announced that it will be forming an mobile ad campaign with multiple executions for American Family Insurance. This campaign is to be created with engagement as its primary focus, and will help to build awareness among consumers who use mobile devices. The insurer will be using this strategy to help spread the word about its life, homeowners, auto, health, farm/ranch, and business insurance products which are currently available in 19…

Read More